Adaptec (ADPT) Message Board

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Technology Stocks : Adaptec (ADPT)

ADPT 18.10

-2.2%

9:34 AM EST

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To: Zhivago who wrote (2569)	6/9/1998 11:06:00 PM
From: DanZ	Read Replies (3) of 5944

A couple of things. No disrespect intended, but would you please tell me how you can rationalize ADPT trading at "6 or 7" when they have about that much cash on the balance sheet? I guess the rest of the company is worthless huh? With regards to WDC, this will make the third quarter in a row that they have lost money. They lost $1.66 and $0.51 in the past two quarters and the company estimates that they will lose about $1.10 this quarter. Adaptec has made money in at least each of the past sixteen quarters (as far back as my data goes) so there is no comparison to Western Digital. Adaptec will probably make money this quarter too, albeit less than what had been projected a few months ago. Tomorrow is a key test of whether the support that has formed at 14 will hold. If the stock doesn't take out that low on Western Digital's news, then I think it has found it's bottom. If however, the stock trades below 14, then it will have to find a new support level. But I still think your projection of 6 or 7 is way too low.

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